Jefferies Group Increases Legal & General Group Plc (LGEN) Price Target to GBX 212
Legal & General Group Plc (LON:LGEN) had its target price hoisted by analysts at Jefferies Group from GBX 197 ($2.57) to GBX 212 ($2.77) in a research report issued on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Group’s target price would indicate a potential downside of 4.76% from the company’s previous close.
Several other research firms have also weighed in on LGEN. Macquarie raised their target price on Legal & General Group Plc from GBX 192 ($2.51) to GBX 199 ($2.60) and gave the company an “underperform” rating in a report on Thursday, May 26th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 265 ($3.46) target price on shares of Legal & General Group Plc in a report on Wednesday, June 1st. BNP Paribas restated an “outperform” rating and set a GBX 275 ($3.59) target price on shares of Legal & General Group Plc in a report on Wednesday, May 25th. Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a report on Friday, June 24th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Legal & General Group Plc in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 244.83 ($3.20).
Legal & General Group Plc (LON:LGEN) opened at 224.50 on Thursday. Legal & General Group Plc has a 12-month low of GBX 160.50 and a 12-month high of GBX 275.40. The firm’s 50-day moving average price is GBX 211.37 and its 200-day moving average price is GBX 218.01. The company’s market cap is GBX 13.31 billion.
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The business also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 18th will be given a GBX 4 ($0.05) dividend. This represents a yield of 1.94%. The ex-dividend date of this dividend is Thursday, August 18th.
In related news, insider Wilson,Julia acquired 7,320 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of GBX 206 ($2.69) per share, for a total transaction of £15,079.20 ($19,683.07). Also, insider Meddings,Richard H acquired 1,205 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average price of GBX 208 ($2.72) per share, with a total value of £2,506.40 ($3,271.64).
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